Secured Advance: Frequency Asked Questions

February 21, 2019

What is a Secured Advance?

Frequently Asked Questions about SnapCash Funding's Secured Advances.

Secured Advances from SnapCash help Small Business Owners fund their companies.

What is a Secured Advance and how can I benefit from it?

Question

What can be used as property to qualify for a secured advance?

Answer

You can use land, houses, owner and non owner occupied, large scale equipment, boats, commercial property, vehicles, trade tools, equipment and much more!


Question

Can I still get same day funding?

Answer
In about 50% of cases there could be title work that must be recorded for land or property, in those cases it could take 2 weeks to get funded but on trade tools it could be same day.


Question

How do I prove ownership?

Answer:

You can use deeds, property tax bills, registrations, and much more. Ask your Metromeida Funding rep for more information.


Question-

Can I use this to buy property?

Answer

No - you should already have vested interest into the property.


Question

I just started my business 3 months ago I own my home, could I still qualify?

Answer

Yes As long as you can show you can support the payments and have a plan to grow your business you would still be funded.


Question

I have a partnership and no property but my partner has a house with a mortgage, can we still apply?

Answer-

Yes you may still apply- as long as the partner with property is OK with a lien recorded to grow your business you should still be able to be funded.


Grow your business.
Today is the day to build the business of your dreams. Share your mission with the world — and blow your customers away.
Start Now